Exxon Mobil Co. (NYSE:XOM) Shares Purchased by D.B. Root & Company LLC

D.B. Root & Company LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 22,772 shares of the oil and gas company’s stock after acquiring an additional 1,276 shares during the quarter. Exxon Mobil makes up approximately 0.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 21st biggest position. D.B. Root & Company LLC’s holdings in Exxon Mobil were worth $2,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of XOM. Trilogy Capital Inc. boosted its holdings in shares of Exxon Mobil by 14.8% in the 1st quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock valued at $3,362,000 after purchasing an additional 3,727 shares during the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 9.7% in the 1st quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock valued at $2,590,000 after purchasing an additional 1,966 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 3.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 80,878 shares of the oil and gas company’s stock valued at $9,401,000 after acquiring an additional 2,828 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $224,000. Finally, New Mexico Educational Retirement Board increased its stake in Exxon Mobil by 17.0% during the 1st quarter. New Mexico Educational Retirement Board now owns 246,130 shares of the oil and gas company’s stock worth $28,610,000 after buying an additional 35,800 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XOM shares. Truist Financial reissued a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. TD Cowen boosted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Down 0.1 %

XOM stock opened at $114.96 on Tuesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company’s 50 day simple moving average is $115.25 and its 200-day simple moving average is $109.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market capitalization of $453.29 billion, a P/E ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.31%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.